#我的交易风格 **GENIUS Stablecoin Act: A Milestone in US Crypto Regulation**

In May 2025, the US Senate passed the 'GENIUS Act', establishing a federal regulatory framework for stablecoins for the first time. The act requires stablecoin issuers (such as USDC, PYUSD) to maintain a 1:1 dollar reserve, prohibits algorithmic stablecoins, and strengthens anti-money laundering (AML) and consumer protection measures. The act also restricts large tech companies from issuing stablecoins and grants the Treasury regulatory authority over foreign issuers (such as Tether must comply). Supporters believe this will solidify the dollar's dominance in digital finance, while critics worry it will stifle DeFi innovation, turning stablecoins into 'on-chain dollar satellites.' The bill has now been submitted to the House for review and may take effect in the summer of 2025.